GoGold Resources (GGD) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of $72.5 million, doubling year-over-year, driven by strong Parral mine performance and higher silver prices.

• Net income reached $17.3 million, with cash flow from operations at $25.7 million for the year ended September 30, 2025.

• Ended the year with over $240 million in cash and no debt, following a $143 million CAD financing.

Financial highlights

• Sold 2.1 million silver equivalent ounces at an average realized price of $33.80/oz, with production including 851,102 silver ounces and 12,289 gold ounces.

• Adjusted cash cost per silver equivalent ounce was $18.35, and adjusted all-in sustaining cost was $23.72.

• Operating income for the year was $17.1 million, up from $5.2 million the previous year.

Outlook and guidance

• Silver prices above $55/oz at the time of reporting suggest a strong outlook for 2026.

• Substantial cash reserves and completed financing de-risk execution of the Los Ricos South project, with capital costs estimated at $227 million.

• Plans to advance Los Ricos North towards feasibility and permitting while constructing Los Ricos South.